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re: Trickle Down Economics Explained
Posted on 5/26/17 at 9:19 am to tedmarkuson
Posted on 5/26/17 at 9:19 am to tedmarkuson
quote:
the middle class in 2017 pay virtually no income tax.
2
Posted on 5/26/17 at 9:24 am to Machine
quote:
the middle class in 2017 pay virtually no income tax.
This is true.
Since the upper 10% of wage earners pay 85% of all income taxes.
The upper 1% pays 56% of all income taxes.
Posted on 5/26/17 at 9:56 am to Machine
The middle class already doesn't pay much income tax. Unless you're single and without kids.
A family of 4 earning $75,000 per year that saves 10% for retirement has a 5% effective tax rate at maximum. It can be even lower than that.
Our income tax system is already built around demand-side economic theory.
A family of 4 earning $75,000 per year that saves 10% for retirement has a 5% effective tax rate at maximum. It can be even lower than that.
Our income tax system is already built around demand-side economic theory.
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